Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities.
−Removed: On May 14, 2024, the Board of Directors approved a new stock repurchase program under which the Company is authorized to repurchase up to 5,000,000 shares of its common stock.
−Removed: We disclosed this authorization on May 15, 2024 in a Form 8-K.
−Removed: Upon approval of the new program, the Board of Directors withdrew the previous stock repurchase authorization that was approved on November 9, 2021, which had 1,627,651 shares rem aining available for repurchase .
−Removed: As of June 30, 2024, the Company had purchased 1,103,651 shares pursuant to the new authorization and had 3,896,349 shares rem aining available for repurchase.
+Added: On May 15, 2024, we announced a new stock repurchase program under which the Company is authorized to repurchase up to 5,000,000 shares of its common stock.
+Added: As of September 30, 2024, the Company had purchased 1,103,651 shares pursuant to this authorization and had 3,896,349 shares remaining available for repurchase.
The Company may purchase shares from time to time depending on market, economic, and other factors.
The authorization will continue unless withdrawn by the Board of Directors.
−Removed: The following table summarizes our stock repurchases during second quarter 2024 made pursuant to the November 2021 (516,341 shares) and May 2024 (1,103,651 shares) stock repurchase authorizations.
−Removed: The Company did not purchase any shares during second quarter 2024 other than pursuant to these authorizations.
−Removed: All stock repurchases were made by the Company or on its behalf and not by any “affiliated purchaser,” as defined by Rule 10b-18 of the Exchange Act.
−Removed: Issuer Purchases of Equity Securities
−Removed: Period Total Number of
−Removed: Shares Purchased Average Price
−Removed: Paid per Share (1)
−Removed: Total Number of Shares
−Removed: Part of Publicly
−Removed: Announced Plans or
−Removed: Programs Maximum Number (or
−Removed: Approximate Dollar
−Removed: Value) of Shares that May Yet Be
−Removed: Purchased Under the
−Removed: Plans or Programs
−Removed: April 1-30, 2024 — $ — — 2,143,992
−Removed: May 1-31, 2024 1,293,609 $ 37.09 1,293,609 4,222,732
−Removed: June 1-30, 2024 326,383 $ 36.82 326,383 3,896,349
−Removed: Total 1,619,992 $ 37.04 1,619,992
−Removed: (1) Average price paid per share for open market purchases include broker commissions, but exclude excise tax.
+Added: No shares of common stock were repurchased during third quarter 2024 by either the Company or any “affiliated purchaser,” as defined by Rule 10b-18 of the Exchange Act.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.